ZIONS BANCORPORATION BOARD DECLARES DIVIDEND
OF $0.04 PER COMMON SHARE

Las Vegas, Nev.
April 23, 2009

LAS VEGAS, April 23, 2009 Nevada State Bank's parent company, Zions Bancorporation (Nasdaq: ZION) ("Zions" or "the Company") announced today that its board of directors declared a regular quarterly dividend of $0.04 per common share. The dividend is payable May 27, 2009 to shareholders of record on May 13, 2009.

Nevada State Bank, with assets of more than $4.0 billion, is the fourth largest commercial bank in Nevada. Established in 1959, it is the oldest state-chartered bank in Nevada with a total of 59 branches statewide. Nevada State Bank is a full-service bank offering a complete range of consumer and business services. Nevada State Bank is a subsidiary of Salt Lake City-based Zions Bancorporation (Nasdaq: ZION), one of the nation's premier financial services companies. For more information on Nevada State Bank, call 702.383.0009 or access www.nsbank.com.